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Hey folks, Nick Valdez here, chief
crypto strategist at Verified Investing
and today we're going to look at the
Bitcoin chart, But more importantly,
altcoins are breaking out, including
Cardono, which hit our target. Exactly.
And Ethereum, and we're going to look at
some of the altcoins that you guys have
requested down in the comments. Thank
you for joining everybody. Make sure you
hit that like button. Make sure you hit
subscribe. Let's go ahead and jump right
into the Bitcoin chart and then we'll
start looking at some of these alts.
Now, Bitcoin, look at this. It is
starting to try to break out from this
descending trend line that is all the
way from the all-time high in October to
this pivot resistance right here that we
saw in May. And now if we zoom in a
little bit so interesting. I just before
I started this daily candle, it was
green and is now flipping red. Let's go
to the 10-minute chart. Yeah, you can
see a little bit of a pullback here
lately over the last half hour or so.
But Bitcoin trying to maybe flip the top
of this parallel channel into support
and then we could start talking about
some major targets. Now I did have a
request on the Bitcoin chart which was a
inverse head and shoulders that looks
like it is trying to close its right
shoulder. Now this inverse head and
shoulders the better it is uh you know
to have it flat but this one you know at
an angle and I see exactly what they're
talking about here. We have our shoulder
here. We have our head and if you
continue to pull this out, we can
potentially close the neckline somewhere
here around the $70,71,000
range depending on how how much lower it
goes. I mean, if it happens all the way
down here, you're looking at $67,000.
So, keep an eye out on that. That would
have a very bullish target. And the way
you would measure this is to the crown
of the head, basically to where the
neckline is. You move it up maybe a
little bit there. And that's going to
woo back above 100K. But we we are far
from, you know, looking at that chart.
We have definitely have to complete that
and then start confirming above. Let's
look at some of the altcoins. I was
going to lead with ETH, but let's just
get into Cardano, folks. We do have our
next This is nuts. This is so nuts. I
put this down one hour ago. Next upside
target, if the bears get greedy, I check
that liquidation heat map, aka where
leverage positions are getting
liquidated. This is being shorted the
whole way up. Everybody keeps trying to
short Cardono overlever 30x, 40x, maybe
even a 100x, maybe 20x. But it looks
like Cardano trying to break these
charts and break the bears here. Break
the bears back is putting them in a bear
trap. That's right. And let's look at
this. This is the next upside target.
Well, looks like it already hit it,
folks. I feel totally vindicated on this
one. We told you this was going to be a
major mover. talked about, you know,
just some potential uh the bearishness
in the comments and now it looks like
they're getting punished. They're
getting slaughtered here. Let's go to
the 4 hour maybe. Actually, let's do the
12 hour here. It looks a little bit more
clean. We do have a little bit of a bull
flag uh moving up and then we have some
sideways action. And if we put that to
where that we have a potential higher
target if we can break this upside and
that is pretty close. Oh my gosh, I
didn't realize it was going to be that
close, folks. It is the February 6 wick
low. So, hey, maybe a little double
confluence there. Keep an eye out on
this range. In fact, I'll leave this
little bull flag there. So, maybe we
could check back in on that tomorrow.
But look at Cardono. That huge, huge
breakout. Let's look at Ethereum,
everybody. Ethereum again, totally
vindicated. Hit our target of 1929 1930
and pulled back yesterday. We can go to
the 1 hour.
That happened pretty close there. Pretty
close. That was going to be around 2:00
p.m. Eastern Standard Time. Uh that's
when we saw the little bit of a pullback
there on Ethereum. And so ETH still
trapped in its range, but if it can
break above, keep an eye out on 2K.
These candles when they're above this
1930, they love wicking above the 2K
level. But it looks like a lot of the
times it will get pulled back until we
can actually establish an uptrend. But
that's going to be your Ethereum
targets. Let's look at Salana. And don't
worry, we're going to cover some of the
altcoins that you guys wanted to look
at. Hyperlquid, XLM, Near Protocol, and
we might even go look in on a trade. I
did a trade. I'm going to show you in a
couple charts. Took me on a wild ride
today. And we're going to start showing
more of my trades here. I do want to
give a a early quick uh mention here.
Bit Base, and we're going to have, you
know, we're working with them to hook
you guys up so you guys get some maybe
uh just some nice little bonuses there
for signing up. Suka Salana, we've been
talking about this bull flag. It's still
flagging, everybody. It is still
flagging. Once we break above, that's
when it's going to start looking good.
And the bears, they're going to need a
flagging. That's right. They're going to
need a drink after that one, folks,
because they might get wrecked if
they're betting against Salana. But we
still want to confirm a breakout before
we turn bullish. We don't want to just
wick above, you know, flip bullish, say
this flag is target's going to hit.
We're going at $96. Wait for more
confirmation on Salana. You can see
Salana will try to, you know, make some
major moves if when you're not expecting
it. Look at that one candle right there.
We're going to hit our measuring tool
from one day to the next.
12% decline. So, Salana could make some
major moves. Polka dot hit our target.
Exactly. We gave you this one on the
verified pros channel, not on verified
investing, on our secondary channel
where we put out pro charts on
commodities, crypto, we'll do stocks,
we'll even do currencies. I put out a
crypto version and I I told some of you
in the comments, go check that out. Some
of you were asking about the polka dot
chart. Gave you this level. This was
just strong resistance and is now acting
as support. We did wick below. This
candle body is holding on with about,
you know, at the time we're recording
about eight hours. This is an upload. I
had to have to take care of some
personal business. So, not able to be
live, but don't worry. I I will be live
tomorrow. Now, let's talk about this
trade, everybody. This one took me on a
wild ride. Looks like maybe I should
have kept it open. We have a little bit
of a falling wedge. It's not much of an
angle to the downside, but, you know,
technically is a a falling wedge in this
wedge pattern. You can see it held as
support, held as support, then turned to
resistance. I honestly I should have
looked at the wicks. The wicks told me
the story there. I got a little happy
with those daily closes, not realizing
some of these wicks were punishing the
traders there. That's a that's a wick of
almost 10%. That's why it's very
important to not use high leverage,
folks. But now I we are going to be
sharing our trades on Bitbay pretty
soon. But this is my shorts and then I
close it and that's going to be the B
button. That's going to be a sell and a
buy. But basically, it's me opening a
short. I closed it completely. It pumped
up again. Guess what? I open a short.
But we're only doing small allocations.
So, we may be only putting in one 12th
one10enth of our position. So, I put in
a short, kept going up, added a couple
more. That's about, you know, look, you
know, look about 3/10. We added, we
added. I held strong. Okay? I had
conviction. All right? I wasn't giving
up. And guess what? This thing, it was
going oversold. And I could see the
writing on the wall. But folks, I was
checking a lot of different metrics. And
I'll be teaching you guys these methods
here. I held on and then it turned
sideways for a while. I'm sweating like
the key and peel peel meme. Okay, it's
is dripping. I had to change suits. I I
added one more time. And some of the I
mean I I nailed the top right there. And
guess what? Boom. Able to close that and
profit and I I I ran away from this
trade. But at the end of the day, folks,
I could have held on probably. I could
have definitely held on. Let's go to the
five minute. Yeah, I mean I I definitely
could have held on. Folks, you don't go
broke taking profit. So, I did take some
heavy profit on that one. Maybe I should
have left a little moon bag there, but
I'll be honest, when I have to film some
content, I don't like leaving open
trades. And there is no way I was going
to leave an open trade on this one as I
had to start preparing for this show.
But yeah, the zero chart played out
beautifully. And if we zoom back out, we
do have some targets. You know, if we
end up testing the bottom of this
parallel, that's going to be around 69
cents. I didn't plan that one, I
promise. hyperlid.
We did hit our resistance. We pointed
this out and it does look like we are
trying to reject and we didn't see the
bat signal for the reversal. I said, you
know, we we'll readjust and we'll
reassess when we get to the middle. The
bat signal has long been 4hour bull divs
and bare divs for hyperlquid. Now, let's
go to the top right here. Strong bear
div as it price rejected. Let's go to
the bottom there. Strong bull div as
price started to bounce. Did we get a
bare div on the 4 hour? We did not. But
the twohour was giving us our signal. So
maybe maybe Commissioner Gordon has
changed tactics. Okay, maybe it's going
to be a two-hour signal now. It's not
going to be a 4hour signal. And Batman
the animated series. One of my favorite
cartoons when I was a kid. I love that
one. And I loved X-Men. Little DC,
little Marvel action there. Let me know
down below in the comments. I love
replying to you guys. What was your
favorite cartoon growing up? it. Look,
I'm too old for Spongebob. Okay, so if
you spam spum Spongebob, I'm sorry. I'm
old, okay? I I missed that boat. All
right, let's go to XLM. This is one of
the coins that you guys were requesting.
We had the support. Remember, we started
talking about this thing looks like it
might be breaking down. Break down. It
did. Now, we did have double support
here, but look, it was just knocking and
knocking and knocking. The more you
knock on the door, the more likely
you're going to break through that door.
Look at the 4 hour. We came in, we
knocked, we knocked again, and we
knocked again, and we knocked again, and
we knocked again, and we knocked again.
We were like an aggressive Kirby
salesman. Okay, that vacuum cleaner, we
just wouldn't give up. We were not going
to take no for an answer, at least from
the bears perspective. And that's
exactly what happened right there. But
maybe a little bull bare flag on the uh
the 4 hours saying h, you know, maybe a
little bit more move to the downside
here. So, what is our target to the
downside? I think the pivot lows right
around here could potentially act as
support. We got a couple pivots. We got
the pivot right here. Actually held as
resistance before it just blasted past.
We got the pivots right here and we got
the pivots down here. So, a few levels I
would keep an eye out if you're wanting
to trade some XLM, but this one uh you
know, right now the bears are in
control. You also requested near
protocol. Let's look at Near Protocol.
Near Protocol, it's just kind of in this
range. It's between the two levels and
you can see it right here. We we'll end
with XRP. Uh XRP also hit a major level.
I'm looking at this support right here.
What's the other end of the support? Oh,
look at that, baby. So, we came down for
a retest. Came down for a retest. This
was a huge bounce. Typically speaking,
you should be able to get one more
bounce, but I was wanting more of a
bounce here. So, I mean, boom. You got a
you got a okay bounce and then gravity
just gave up. It's like it bounced on
Earth and then it bounced on the moon.
Right now it's looking like it's
bouncing on a heavy uh gravity
gravitational well planet. I don't know.
Venus something. Who you tell me who has
the the heaviest gravity. So this one's
going to be tough. This might be another
one we have to reassess as we get close.
I didn't say I want to look at XRP.
Let's pull that one up. XRP said coming
to our level. We talked about this.
Another one we talked about for days.
113 on the top, 103 on the bottom. And
what happened right there? came down,
basically kissed our level and now
potentially going to try to start
bouncing. It does look like XRP pulling
back from this daily candle. Let's go to
the 4 hour.
It's not looking too good on the 4 hour,
folks. Looks like it wants to come down
and basically knock on that door again.
But we do have, you know, if it does
bounce, we do have some more support.
You can see we rejected, rejected, kind
of held on, kind of holding on. And so,
keep an eye out on XRP. If we lose this
level and this trend line, you know,
isn't really relevant at the time, I
think the wick lows are going to be
pretty important. Also, close to the
wick lows, a psychological level of $1.
Psychological levels play out more when
it is a retail coin or a retail stock.
It's going to be your little tip of the
day. Algorithms, AIs, sure, maybe it's
fed into their database somewhat. Maybe
it's one of the weights when it comes to
opening and closing trades. the
citadels, the black rocks, the the
basically the AI trading bots out there,
but retail really cares about those
psychological levels. You're gonna have
a lot of XRP buyers. Maybe they bought
at two bucks. The the smarter investors,
they might buy again at a dollar. Or you
might have people that just saying, "Oh
my god, it's down to a dollar." Or maybe
they open their app and it says 99 point
something cents. They might panic sell.
And so that might be a potential bottom
as retail panic dumps. That's when smart
money is going to come in. And you don't
want to swim against the whales. You
want to swim with the whales. Okay? You
want to be flowing like plankton with
them. Okay? And if you're a shrimp, you
can still make some money off that
strategy right there. Moving with the
institutions, moving with the big money,
moving with the big whales because
retail gets fleeced. Basically, you see
this every single cycle with Bitcoin at
least. The small holders of Bitcoin
capitulate and give back to the whales.
The whales sell at the top and then the
small holders take their overbought
Bitcoin and then they panic dump at the
bottom and you just see it happening
time and time again. But folks, that is
going to be our episode for today. Don't
worry, we're going to be live tomorrow.
Smash that like button. Still leave
those comments down below. I am going to
be reading it. Love chopping with you
folks, you know, in the comment section.
Tell me your favorite cartoon. All
right, I'm gonna actually go on a on a
tour talking to you some of the people
at work here. I'm gonna ask you what
your favorite one was as well. I'm Nick
Valdez. Thank you for joining. Keep an
eye out on our trading at Bitbase, too.
We're going to be doing that soon. I
can't wait to share my trades with you
guys. Thanks, as always, sticking around
to the end. Appreciate it.